Simplify Interest Rate He... (PFIX)
| Bid | 50 |
| Market Cap | 160.01M |
| AUM | 160.87M |
| NAV | 55 |
| EPS (ttm) | n/a |
| PE Ratio (ttm) | n/a |
| Shares Out | 2.83M |
| Inception Date | May 9, 2021 |
| Ask | 57.5 |
| Volume | 239.64K |
| Open | 55.59 |
| Previous Close | 55.45 |
| Day's Range | 55.59 - 56.55 |
| 52-Week Range | 37.00 - 65.15 |
| Holdings | 13 |
| Expense Ratio | 0.50% |
About PFIX
The Simplify Interest Rate Hedge ETF (PFIX) seeks to hedge interest rate movements arising from rising long-term interest rates and to benefit from market stress when fixed income volatility increases. The fund holds a large position in over-the-counter (OTC) interest rate options intended to provide a direct and transparent convex exposure to large upward moves in interest rates and interest rate volatility. Using OTC derivatives, usually only available to institutional investors, PFIX is designed to be functionally similar to owning a position in long-dated put options on 20-year US Treasury bonds. Since the option position is held for an extended period, the ETF provides a simple and transparent interest rate hedge.
Top 10 Holdings 98.72% of assets
| Name | Symbol | Weight |
|---|---|---|
| T 0 1/4 09/30/25 Gov... | T 0 1/4 09/30/25 Govt | 26.67% |
| B 09/30/25 Govt | B 09/30/25 Govt | 17.22% |
| Simplify Government ... | SBIL | 15.28% |
| Swaption 05/10/2030 ... | SWO450MSY | 13.42% |
| B 10/28/25 Govt | B 10/28/25 Govt | 13.09% |
| B 08/26/25 Govt | B 08/26/25 Govt | 9.80% |
| Swaption 05/10/2030 ... | SWO450GSY | 1.54% |
| Swaption 05/02/2030 ... | SW450GS02 00001 | 0.63% |
| Swaption 05/01/2030 ... | SW450GS01 00001 | 0.55% |
| Swaption 05/02/2030 ... | SW450MS02 00001 | 0.52% |
Dividends Dividend Yield 3.86%
| Ex-Dividend | Amount | Payment Date |
|---|---|---|
| Jul 28, 2025 | $0.6000 | Jul 31, 2025 |
| Jun 25, 2025 | $0.1200 | Jun 30, 2025 |
| May 27, 2025 | $0.1500 | May 30, 2025 |
| Apr 25, 2025 | $0.1500 | Apr 30, 2025 |
| Mar 26, 2025 | $0.1500 | Mar 31, 2025 |
2 months ago · seekingalpha.com
PFIX: It May Be Time To Consider Hedging Against Inflation And Interest RatesPFIX can act as an interest rate hedge as inflationary expectations rise. Rising inflation can potentially add upward pressure to SOFR and long-dated rates. The strategy primarily focuses on short-ter...